Tag "insurance"

InsurTech Turns A Boring Financial Tool Into A Lifestyle Product

A classic insurance product has two main problems: it’s boring, and it doesn’t have an obvious value for a customer who hasn’t had any insurance claims for years. By: Dmitry Rudash,  Co-founder Raxel Telematics As a result, the very nature of

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German Challenger Bank SolarisBank Goes to Asia

International investor team consisting of Arvato Financial Solutions and Japanese SBI Group provide funding for Berlin-based banking platform. First year in business: Berlin-based banking platform solarisBank AG raises EUR 26.3 million in series A financing Established investors for the international

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PayPal Incubator’s First Batch of Startups, This Are The 3 Fintech Graduates

After nine months with Paypal Incubator, the inaugural batch of Singapore 3 startups have graduated.   PayPal  launched its first startup incubation program in Singapore in July 2016. The nine-month program aims to develop and nurture the next generation of

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Singapore-Based Startup Raises Seed Funding from 500 Startups and Entering MAS FinTech Regulatory Sandbox

A Singapore digital insurance app that helps consumers organise all their insurance products in one place just raised money from 500 Startups and  received approval from MAS to enter a regulatory sandbox. The startup will be testing their solution over a

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Ayannah launches an AI-powered Credit Scoring Service for the Unbanked

Ayannah a provider of affordable and accessible digital financial services for emerging markets has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system

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The “Hen and Egg” Issue With all Online-Lending Startups in Asia

Online-lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online-lending businesses and personal financial

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Opening Shot For International Regulation For The Fintech Industry

There is a Chinese saying that roughly translates to ‘A Tall Tree Catches The Wind’ (树大招风) and this is an adept saying for the Fintech industry. The fintech industry had grown from its nascent stage in 2005 and it is

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Assurity Partners V-Key For New Mobile Software Authentication Solution

Assurity Trusted Solutions has inked a collaboration with V-Key, a global leader in digital mobile security and accredited by the Infocomm Media Development Authority (IMDA), to deliver an innovative form of authentication via V-Key’s mobile soft token application called V-Tap.

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Internet-of-Things Poised to Disrupt Banking and Insurance

The Internet-of-Things (IoT) is set to be one of the biggest technological transformations on the horizon, promising to radically change the way we live and how we conduct business. The IoT refers to the interconnection via the Internet of computing

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Traditional Insurance Companies Forced By Insurtech To Innovate In 2017

The insurance industry had given us amenities that we take for granted today. For instance, the fire station is the invention of insurance companies. After the Great Fire of London, insurance companies built the modern fire stations to fight fires

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